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Felix Hernandez

felix@rxpteam.com +1(347) 921-0999

$ 1,175,000

Est. payment | -/mo

6 Beds

3 Baths

2,208 Sqft Lot

Save

$ 1,175,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,208 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 976499

Bedrooms 6

Full Baths 3

Rental Info No

Year Built 1901

Annual Tax Amount $4,086

Lot Size 2,208 Sqft

Acres 0.0507

Property Sub-Type Triplex

Source onekey2

Property Description

Introducing a fully occupied three family investment opportunity in the heart of Fordham Heights, offering immediate cash flow in a prime Bronx location just one block from the 182nd Street Grand Concourse subway station. This well maintained and recently fully renovated property features three spacious two bedroom, one bathroom apartments, each currently rented at $2,762 per month. All units are occupied with tenants in place, providing consistent income from day one. Tenants are responsible for all utilities, contributing to low operating expenses and strong overall performance. The property also includes a full basement with utility access, offering additional functional space and flexibility. Annual expenses remain low, with taxes at $4,087, water at $2,000, and common electric at $900, further enhancing the investment appeal. With a 7.4% cap rate, this is an ideal opportunity for investors seeking a stabilized, income producing asset in a high demand rental market. Zoned R8, the property also offers long term upside potential for future development or expansion. A turnkey investment in a highly accessible and desirable Bronx location.

Location

State NY

County Bronx County

Rooms

Basement Full, Storage Space

Interior

Interior Features Open Floorplan, Storage

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features On Street

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected

Garage false

Private Pool No

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Bronx

School District Bronx

Others

Senior Community No

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Real Broker NY LLC • Shpresa Camaj

NEARBY SCHOOL & BUSINESS

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495 New Rochelle Rd, Bronxville, NY

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2311 Creston AVE Bronx, NY 10468